Sparta Capital boots up Dr Martens: Britain's Dr Martens (DOCS) was trading up about 5% after reports that the activist fund Sparta Capital had accumulated stock worth tens of millions of dollars in the bootmaker (Business of Fashion)

Birkenstock steps towards public debut: Birkenstock could go public as soon as September with a valuation of more than $8 billion. (Bloomberg)

Walmart loves India: Walmart (WMT) has reportedly paid $1.4 billion to buy out Tiger Global's remaining stake in one of India's largest e-commerce companies, Flipkart, which is now valued at $35 billion (WSJ)

J&J can't solve its talc problem: Shares of Johnson & Johnson (JNJ) had their biggest one-day loss since June 2020 after a judge shot down its second attempt to resolve tens of thousands of talc-related lawsuits (Reuters)

Don't tell Greta: The British government said Monday that it would issue “hundreds” of new licenses for oil and natural gas exploration in the North Sea, as concerns about energy security and jobs outweigh efforts to address climate change (NYT)

Oil's on fire: Canadian oil producer Strathcona Resources will go public by buying Pipestone Energy (PIPE) in an all-stock deal that will value the combined company at $6.49 billion (Reuters)

NATO VC: Member nations of NATO are collectively committing to a $1B fund to back startups supporting ‘safety, freedom and human empowerment’ (Techcrunch)

Crispr crops are here (Proto)

How Larry Gagosian Reshaped the Art World (New Yorker)

Winning Tuesday’s $1 billion Mega Million jackpot comes with a huge decision: Take a lump sum payout or an annuity (Fortune)

How a Montreal copywriter swindled victims out of $200 million by pretending to be a legendary psychic (The Walrus)

How are companies ACTUALLY using AI today? (Ryan Shannon)

Elon Musk’s Unmatched Power in the Stars (NYT)